Cheap Apartments for Rent in the University Neighborhood of Riverside, CA from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Riverside.
University, Riverside, CA Local Guide

How much does it cost to rent an apartment in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Studio Apartments | $1,852 | $1,625 | $2,179 |
University 1 Bedroom Apartments | $2,305 | $835 | $4,427 |
University 2 Bedroom Apartments | $2,690 | $660 | $4,724 |
University 3 Bedroom Apartments | $2,917 | $465 | $5,507 |
University 4 Bedroom Apartments | $1,119 | $960 | $1,199 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the University Neighborhood of Riverside, CA.
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University, Riverside, CA Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Riverside, CA is a 3 Beds unit found at University Riverside Gardens priced from $465. Highlander at North Campus Student Housing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $779. Here are the most affordable University apartments for rent in Riverside, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Riverside Gardens | PRE LEASE FOR FALL 2025 - 1/2 OFF FIRST MONTH ... | 3BR,2BA | $465 |
Highlander at North Campus Student Housing | 2x2 | 2BR,2BA | $779 |
Park Hill Apartments | One Bedroom | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in University, CA
As of April 08, 2025 the best value apartment in the University area is the $1.79 price per square foot Two Bedroom One and a Half Bath Model at Highlander Park in the in the University neighborhood starting from $2,104. The second greatest value University apartment is the 3 Bed 3 Bath Model at University Village Towers starting at $1,280 with a $1.29 price per square foot in the University neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Highlander Park | Two Bedroom One and a Half Bath | 2BR,1.5BA | $1.79 |
University Village Towers | 3 Bed 3 Bath | 3BR,3BA | $1.29 |
3063 Elgin Dr, Unit C | 3063 Elgin Dr | 2BR,1.5BA | $1.82 |
The Met Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $2.09 |
1196 Fountain St, Unit C | 1196 Fountain St | 2BR,1BA | $2.10 |
Highlander at North Campus Student Housing | 2x2 Premium | 2BR,2BA | $1.38 |
Canyon Crest Village Apartments | Plan C - Downstairs | 2BR,1BA | $2.18 |
Anderson Park Apartments | North | 2BR,1.5BA | $2.24 |
Annex on Chicago | NOW LEASING FOR 2025-2026 SCHOOL YEAR - 1 BED 1... | 1BR,1BA | $2.25 |
Hidden Springs Apartments | 1 Bedroom | 1BR,1BA | $2.43 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleUniversity, Riverside, CA
Ranked #2
Among neighborhoods in Riverside, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in University, Riverside, CA
University Heights Middle
School data provided by Great Schools
Getting Around the University Neighborhood in Riverside, CA
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Apartments
What is a cheap apartment in University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,800.
What is the price of a cheap apartment in University?
The cheapest apartment in University is Park Hill Apartments which is listed at $1,525, while the average apartment in University costs $3,296.
What types of apartments are the cheapest in University?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in University?
Cheap apartments in University have an average cost of $855 which is $2,441 cheaper than the average rent for all rentals in University.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.